Ethereum price soars to a 3-month high above $4,000

Ether (Ethereum) It rose back to $4,000 on September 3, which was the first increase since May, as the week of increase finally reached an important price milestone.

Compared with the $600 increase so far this month, the currency pair has returned to the historical level lost in the dramatic trend reversal that shook the cryptocurrency market about three months ago.

As a result, Ether broke through its three-month trading zone, and US$4,025 was only US$350 from its all-time high.

ETH/USD 1-day candlestick chart (Bitstamp). Source: TradingView

In terms of weekly performance, Ethereum ranks third among the top 10 cryptocurrencies by market capitalization, second only to Solana’s SOL and Polkadot’s DOT tokens.

Bitcoin (Bitcoin) Also use their own fresh power, Bounce back to the key resistance level of $51,000.

How long can good times last?

The success of Ether gave the bulls reason to rejoice, but the move also produce The whispers of some critics.

with Gas fees still frustrate traders, Even actress Reese Witherspoon (Reese Witherspoon) also announced that she invested in Ether, which gave people a sense of difference.

However, broadly speaking, there is consensus that the final months of 2021 may mimic the end of 2013 and 2017.

“Regardless of when it arrives, the next few months may exceed most of you’s imagination, but there will also be a day when the music will cease in all the frenzy,” the popular Twitter account Lack Davis Summarize In the dedicated thread of the current crypto bull market.

related: Does Ethereum’s rebound indicate that Bitcoin will enter the next bull market phase of more than $50,000?